1. Also hurting the market was a recent sell-off in technology stocks, weakness in financial services stocks, and slowing mutual fund investments. 2. Among their picks are oil service stocks such as Halliburton Co., financials like Fannie Mae and paper makers such as Weyerhaeuser Co. 3. And each has a large stake in financial services stocks, which took a pounding. 4. And we are looking at interest-sensitive areas that pay dividends, like utilities, high-quality financial service stocks and integrated oil companies. 5. And then they will be heavy in financial services stocks. 6. As a result, interest-rate-sensitive banking and financial services stocks like Chase Manhattan, BankAmerica, J.P. Morgan and American Express finished lower Friday. 7. Banks and other financial service stocks sensitive to interest rates may lead the rise, traders said. 8. Banks and other financial service stocks sensitive to interest rates rose as well. 9. Bank, insurance and financial services stocks accounted for about a quarter of the portfolio at last report. 10. Banking and financial services stocks rallied today, spurred by an advancing bond market. |